Peers are great for the most part, on the same page. Help each other. Management is not fair, half don't know what their doing . Management worried about their payouts only, other positions that do all the work do not qualify for bonus or payouts.

High turn over for analysts. During the several years I have been employed there, in my department I had a total of four managers cycle through in that specific position. In early 2014 there was also was a large exodus of SVP's to better paying and managed competitor firms. Though in 2014 the company did fair well and revenue was high, through the actions of the CEO Brian T. Moynihan, they decided to bolster their balance sheets by having several waves of layoffs. In summary, I had felt they DID NOT VALUE THEIR EMPLOYEES. In addition, the management in the division I worked in was cheap about raises and promotions. There were people who worked diligently to surpass goals and metrics that were not awarded promotions. An example would be a brilliant colleague of mine that was long overdue for a promotion that never received it. This analyst was a hard worker AND was accepted into the HARVARD SCHOOL OF BUSINESS MBA program (to attest to her caliber both intellectually and drive) but was denied a promotion. Suffice to say after several requests, my colleague got fed up and left the establishment. Note that I do not know how other divisions operate in Bank of America but the above review reflects my experiences within my division for commercial credit.

Advice to ManagementAdvice

Value your hard working employees. Perhaps it was because my department was managed (or mismanaged) by legacy people from FLEET when it was acquired by Bank of America, but when an individual receives a MEETS and EXCEEDS on their annual performance reviews consistently AND gets into Harvard Business School and CAN'T GET A PROMOTION shows a lot about the company and the culture. I am glad I do not work for this institution anymore and would NOT ever want to work here again. Management is below par and displays a high level of favoritism within the groups.

It's a great office environment with wonderful, hard-working colleagues. Some perks available like discounted car loans/mortgages

Cons

You must manage up, or you will go nowhere. Face-time is critical; make sure you are in your seat by 7:30am when the head guy walks in (and I hear its gotten even worse since I left) Anything above the VP level is completely political, not a meritocracy at all. Large rounds of lay-offs come too frequently, and the decisions on who stays are clearly politically motivated. I saw them sack people who had been with the firm for 20+ years